Credit Card Guide
Follow Us  twitter facebook You Tube Google+
 
CreditCardGuide > Glossary > Average daily balance
Credit Card Glossary

Puzzled by credit card jargon? Browse the CreditCardGuide.com glossary for the definitions of common and confusing credit card terms.

Average daily balance

The sum of your credit card balance on each day of a billing cycle, divided by the number of days in that billing cycle. Credit card companies determine the finance charges you'll pay each month by multiplying the average daily balance by the monthly interest rate.

  
     


 
Validate TRUSTe privacy certification Subscribe   About
Twitter Facebook You Tube Google+
About Us Privacy Editorial Team Terms of Use
Contact Us California Privacy Rights Media Relations Site Map

*Disclaimer: CreditCardGuide.com is an independent, advertising-supported comparison service. This site may be compensated when a user clicks an "apply now" button. Every attempt has been made to present accurate information. However, all credit card information is presented without guarantee. After clicking on an offer, you will be taken to the credit card issuer's web site where you can review the terms and conditions for your selected offer.


Copyright © CreditCardGuide.com, a Bankrate, Inc. property 2013. All Rights Reserved